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Angola: TotalEnergies Sells Its Non-operated Interest in Block 14
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to
sell, jointly with Inpex, the company Angola Block 14 B.V. to the Angolan
Company Somoil. The transaction is subject to the approval of the Angolan
authorities.
Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V.
(50.01%) and Inpex Angola Block 14 Ltd (49.99%) holds a 20% interest in block
14 in Angola and a 10% interest in block 14K. The offshore blocks have been
producing since 1999. Net production from Angola Block 14 B.V. was 9,000
barrels of oil equivalent per day in 2021.
“By divesting this interest in mature fields, TotalEnergies is implementing
its strategy to high-grade its oil portfolio, focusing on assets with low
costs and low emissions" said Henri-Max Ndong-Nzue, Senior Vice President
Africa of TotalEnergies Exploration & Production. “TotalEnergies remains
the number one energy player in Angola, through its leading operating position
in deep-offshore, its interest in Angola LNG and in a first solar power plant
project, Quilemba Solar, located in the southwest of the country."
***
TotalEnergies in Angola
TotalEnergies has been present in Angola since 1953, where it today employs
around 1,600 people in the business segments of Exploration & Production,
Integrated Gas, Renewables & Power, and Marketing & Services.
TotalEnergies’ equity production in Angola averaged 212,000 barrels of oil
equivalent per day in 2020 from operated blocks 17 and 32, from non-operated
blocks 0, 14, 14K, and Angola LNG. TotalEnergies is the country's leading oil
operator with close to 45% of Angola’s operated oil production, 4 operated
blocks in development phase, blocks 16, 17/06, 20/11 and 21/09, and 2 blocks
in exploration phase, blocks 29 and 48. In the gas sector, TotalEnergies holds
a stake in the 5.2 million ton per year Angola LNG liquefaction plant,
currently supplied with associated gas from offshore oil fields, and in the
New Gas Consortium, the first non-associated gas project to be developed in
Angola. Finally, TotalEnergies is working closely with the Angolan authorities
to develop renewable and solar projects in the country, in line with the
Company’s ambition.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, cleaner, more reliable and accessible to as many people as
possible. Active in more than 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).
TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)
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